NaderOrgBlog #24 Rolling the Dice on Derivatives and other articles from Raph Nader

Published on: Tue, 14 Oct 2008 13:37:37 -0700

from http://www.nader.orgways than just ponying up billions on demand at any big corporation's whim.In 1979 when Chrysler was on the verge of bankruptcy, the automaker came crying to Congress for a bailout, which they eventually got, but Congress wasn't as much of a pushover.Back then, at least the corporate chieftains were grilled by Congress and had to agree to give something back for Uncle Sam bailing them out -- good jobs and pensions for their workers, and more efficient cars to reduce reliance on foreign oil and reduce prices at the pump.Now the CEOs don't even have to leave Detroit and they get much more money for almost no return commitment to America, while they outsource jobs and pollute our environment.During discussion on a proposed loan bill

Author: h4ck3rm1k3
Keywords: Ralph Nader President 2008
Added: October 14, 2008